Understanding Asset Performance Management
Asset performance management (APM) software is a crucial tool that monitors assets continuously and in real-time to identify, diagnose, and prioritize impending equipment problems. By leveraging APM solutions, organizations can reduce unscheduled downtime, prevent equipment failure, and minimize maintenance costs while enhancing asset utilization, prolonging equipment life, and pinpointing underperforming assets. This results in improved profitability and operational efficiency. AVEVA APM solutions are designed to transform assets from cost centers into revenue drivers by optimizing asset utilization and life cycle.
Key Features of Aveva Marine APM Solutions
AVEVA APM offers a range of features that empower organizations to drive better asset performance. Digital asset management enables connected teams to prioritize, plan, schedule, and execute work efficiently while ensuring safety and compliance. By digitalizing work processes with extended reality and mobility, AVEVA APM enhances operational productivity. The integration of AI and machine learning in APM solutions allows users to leverage predictive and prescriptive analytics to optimize operations, whether on-premises or in the cloud. This capability helps organizations balance risk, cost, and performance by enabling them to prioritize assets, optimize maintenance strategies, and maximize return on asset investment.
Success Stories and Industrial AI Integration
AVEVA APM solutions have delivered tangible benefits to organizations worldwide. For example, PETRONAS saved $17.4 million and achieved a 14x ROI increase in the first year by implementing cloud-based AVEVA APM solutions. These success stories highlight the transformative impact of APM in driving operational excellence. Furthermore, industrial AI plays a pivotal role in asset reliability and performance optimization. By leveraging smart analytics and predictive insights, organizations can enhance efficiency, sustainability, and profitability.
AVEVA Marine APM Product Portfolio
AVEVA offers a comprehensive suite of APM products tailored to meet diverse business needs. AVEVA Asset Strategy Optimization, formerly known as Risk-Based Maintenance, helps businesses improve asset performance by integrating risk and asset criticality into an overall APM strategy. AVEVA Predictive Analytics, formerly known as PRiSM Predictive Asset Analytics, enables users to monitor asset health and maximize reliability through AI-driven analytics. AVEVA Advanced Analytics provides cloud-based predictive and prescriptive insights to boost production efficiency and quality. Other products like AVEVA Mobile Operator, AVEVA Operational Safety Management, AVEVA BI Gateway, and AVEVA Insight empower organizations to enhance operational efficiency, safety, and decision-making.
Resource Optimization and Collaboration
In addition to its robust product portfolio, AVEVA offers a wealth of resources to support asset performance optimization. Through blog posts and white papers, AVEVA explores topics like collaboration, data-sharing, AI integration, and peak performance efficiency. By engaging with experts and leveraging these resources, organizations can unlock the full potential of their APM strategies. Furthermore, AVEVA's Monitoring and Diagnostics Services Center facilitates reduced maintenance costs and capital expenditures by providing expert services tailored to specific needs.